## BTC/USD Weekly Chart With yesterday's sudden drop, we closed the weekly candle right at the 50 MA and started the new one downwards. We have some 25% room left to reach the $11k levels and I think it is still doable. In [my previous post](https://steemit.com/hive-175254/@aezakmi/bitcoin-the-trend-line-battle) I mentioned that the $11500 level is an attractive target and a possible great short entry and I'm holding my opinion; I still believe that we could have a candle wick reaching that specific target. We have the RSI fighting at a descending trend line and could have it reach near the upper reference line in case of the $11500 price action. Closing the weekly (preferably monthly) candle above this level, would probably put us in a new bullish cycle. ![btcweekly.png](https://files.peakd.com/file/peakd-hive/aezakmi/VNAx3hnX-btcweekly.png) ## BTC/USD Daily Chart On the daily we just reached the 21 EMA (yellow), with yesterday's candle wick extending to the 200 MA. Getting a higher high on the price, with a lower low on the RSI and MACD, would be perfect. ![btcdaily.png](https://files.peakd.com/file/peakd-hive/aezakmi/m010OErL-btcdaily.png) ![steem line 2.png](https://cdn.steemitimages.com/DQmYcTYvf6NrTJYQQgWebpedjuzpoRKc2WdAdHpuaY6Z1mv/steem%20line%202.png) <center>![mywolf.gif](https://cdn.steemitimages.com/DQmYdJxHtrns6waecoP7wLGCy9ToPPiygHWGq2jUmoBfnGk/mywolf.gif)</center> --- ### <center>**Thanks for reading and safe trading!**✌ </center> #### <center>**If you find this post useful, please:**</center> <center><a href="https://steemit.com/@aezakmi">![aezakmi gif.gif](https://cdn.steemitimages.com/DQmdzruKqt4wz2eGto3kRuzxhkJAqRceor9vL9d1p9FWY5s/aezakmi%20gif.gif)</a></center>
author | aezakmi |
---|---|
permlink | bitcoin-room-left-for-another-30-leg |
category | crypto |
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You are not alone in the upside view. I know many who are targeting the $11K-$12K area. Posted Using [LeoFinance](https://leofinance.io/@taskmaster4450le/qa8bcj)
author | taskmaster4450le |
---|---|
permlink | qa8bcj |
category | crypto |
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aezakmi | 0 | 2,415,146,187 | 100% |
Well.. I'm very curious about what will happen when we'll reach this target.
author | aezakmi |
---|---|
permlink | re-taskmaster4450le-qa8cgd |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"peakd/2020.05.2"} |
created | 2020-05-12 17:55:27 |
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taskmaster4450le | 0 | 5,108,894,091 | 6% |
I think it depends upon how it gets there. Going directly to that level, then it might be a pullback. If there is a pullback before we get the $11K range, then it will likely just be part of a trend pushing things higher and could test the $14K level. Posted Using [LeoFinance](https://leofinance.io/@taskmaster4450le/qa8df4)
author | taskmaster4450le |
---|---|
permlink | qa8df4 |
category | crypto |
json_metadata | {"tags":["leofinance"],"app":"leofinance/0.1","canonical_url":"https://leofinance.io/@taskmaster4450le/qa8df4"} |
created | 2020-05-12 18:16:18 |
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<center>UpvoteBank</center> | <center>Your upvote bank</center> ------------ | ------------- ![__2.jpg](https://steemitimages.com/DQmfDxvv4NLs3knYT7B2mHgE5ArnkheNmDSLydKKTfBwokj/__2.jpg) | This post have been upvoted by the @UpvoteBank service. Want to know more and receive "free" upvotes click [here](https://steemit.com/steemit/@upvotebank/gzsr5aw6)
author | upvotebank |
---|---|
permlink | 20200512t172220950z |
category | crypto |
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